The future of bitcoin - page 11. | Bitcointalksearch.org

davinchi

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Quote from: OrientA on October 29, 2015, 10:41:55 AM

Quote from: bitmarket.net on October 29, 2015, 09:45:15 AM

The example that is often given is that Google was 20th search engine to hit the market.
Maybe Bitcoin is the Altavista or Yahoo and the crypto-currency which is really going to strike it big is still ahead of us.

There are many supporters of bitcoin, it still has the largest user base. These users will try their to protect their interests and promote bitcoin.

Ethereum could be the next Google. It is a platform as well as a currency.

I do not know much about ethereum. But bitcoin has a more brighter future if we consider with any other crypto-currency. Bitcoin has more users and more transaction volume and all the above it has huge market cap. These are the things will make bitcoin more successful in near future.

OrientA

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Quote from: bitmarket.net on October 29, 2015, 09:45:15 AM

The example that is often given is that Google was 20th search engine to hit the market.
Maybe Bitcoin is the Altavista or Yahoo and the crypto-currency which is really going to strike it big is still ahead of us.

There are many supporters of bitcoin, it still has the largest user base. These users will try their to protect their interests and promote bitcoin.

Ethereum could be the next Google. It is a platform as well as a currency.

CasioK

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Quote from: Timeline on October 29, 2015, 09:16:41 AM

I think Bitcoin will eventually be replaced. It has some drawbacks like slow transaction times and scalability issues. I'm hoping for Ethereum to be a BTC competitor in a couple of years.

Even some people believe that bitcoin is another way to scam. Internet Fraud might increase due to the easy access to bitcoin. But internet scam is everywhere even before the bitcoin arrival too. So, in technology revolution, we need to control everything.

bitmarket.net

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Quote from: Timeline on October 29, 2015, 09:16:41 AM

I think Bitcoin will eventually be replaced. It has some drawbacks like slow transaction times and scalability issues. I'm hoping for Ethereum to be a BTC competitor in a couple of years.

The example that is often given is that Google was 20th search engine to hit the market.
Maybe Bitcoin is the Altavista or Yahoo and the crypto-currency which is really going to strike it big is still ahead of us.

Timeline

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I think Bitcoin will eventually be replaced. It has some drawbacks like slow transaction times and scalability issues. I'm hoping for Ethereum to be a BTC competitor in a couple of years.

bitmarket.net

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I think that if only 1 country implements bitcoin.
The price will go to the moon, but that is hard for a whole country to move to bitcoin.
As a "second" currency then yes if the country moves totally to digital and visual money and no more paper money then the price can be increased and the future of bitcoin will rise.
[/quote]

A country adopting bitcoin as a currency seems pretty far-fetched today, although not impossible.
If it happens, it is likely to be in some kind of failed state.

I would rather see the best chance for bitcoin in the certain proportion of the people living in the developed (or developing) economies adopting bitcoin for some of their financial transactions.

prodigy8

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Quote from: bitmarket.net on October 29, 2015, 04:54:06 AM

Quote from: prodigy8 on October 29, 2015, 03:57:08 AM

Quote from: bitmarket.net on October 26, 2015, 09:40:40 AM

Is bitcoin a currency ?
An asset ?

Can it be both ?

Bitcoins is an cryptocurrency and it is a platform itself.
Since the price of a single bitcoin changes it can be considered as an asset too.
Because you can get profit from it, i think in next few years bitcoin will become more popular.

I think it is important to separate the facts from the opinions.
I agree with you that bitcoin can be used both as a currency and as an asset.

You might also be right that the price of bitcoin is going to increase, but then again, it might not and we cannot depend on this alone for the wider adoption of bitcoin

I think that if only 1 country implements bitcoin.
The price will go to the moon, but that is hard for a whole country to move to bitcoin.
As a "second" currency then yes if the country moves totally to digital and visual money and no more paper money then the price can be increased and the future of bitcoin will rise.

Amph

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Quote from: EastKing on October 29, 2015, 02:53:06 AM

Quote from: Amph on October 28, 2015, 02:41:26 PM

just look at the alt section, there is no competitor among them for bitcoin, the only one could be monero, nothing else

from this point of view bitcoin future is without obstacles...

Monero could be potential competitor for bitcoin, as it provides anonymous, untraceable transaction.

Ethereum could be another one as it offers a totally new platform.

maidsafe also can be another competitor, i forgot bout that, but they offer something different than bitcoin, they for example could use bitcoin for their platform, so they are not really competitors...

bitmarket.net

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Quote from: prodigy8 on October 29, 2015, 03:57:08 AM

Quote from: bitmarket.net on October 26, 2015, 09:40:40 AM

Is bitcoin a currency ?
An asset ?

Can it be both ?

Bitcoins is an cryptocurrency and it is a platform itself.
Since the price of a single bitcoin changes it can be considered as an asset too.
Because you can get profit from it, i think in next few years bitcoin will become more popular.

I think it is important to separate the facts from the opinions.
I agree with you that bitcoin can be used both as a currency and as an asset.

You might also be right that the price of bitcoin is going to increase, but then again, it might not and we cannot depend on this alone for the wider adoption of bitcoin

prodigy8

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Activity: 532

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Quote from: bitmarket.net on October 26, 2015, 09:40:40 AM

Is bitcoin a currency ?
An asset ?

Can it be both ?

Bitcoins is an cryptocurrency and it is a platform itself.
Since the price of a single bitcoin changes it can be considered as an asset too.
Because you can get profit from it, i think in next few years bitcoin will become more popular.

EastKing

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Quote from: Amph on October 28, 2015, 02:41:26 PM

just look at the alt section, there is no competitor among them for bitcoin, the only one could be monero, nothing else

from this point of view bitcoin future is without obstacles...

Monero could be potential competitor for bitcoin, as it provides anonymous, untraceable transaction.

Ethereum could be another one as it offers a totally new platform.

bitgolden

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Leading Crypto Sports Betting & Casino Platform

Quote from: Aemon on October 28, 2015, 03:04:17 PM

I disagree, I think something eventually could come and beat Bitcoin. It is really hard to say. Speculation of what will happen in the future is mostly educated guessing at best. No one knows otherwise we would all be rich.

Yes. To some it is the future of money whereby printed paper money will be of the past. There will be privacy since it is own by individual and payments will be a lot easier. This kind of advantages will make bitcoin as the future of financial system.

Aemon

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I disagree, I think something eventually could come and beat Bitcoin. It is really hard to say. Speculation of what will happen in the future is mostly educated guessing at best. No one knows otherwise we would all be rich.

Amph

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Quote from: EastKing on October 27, 2015, 09:28:03 AM

Quote from: randy8777 on October 27, 2015, 09:15:45 AM

Quote from: MinerHQ on October 27, 2015, 04:15:48 AM

Not sure about future bitcoin price but I think it will stay for quite long time compared to other alt coins because its user base is large compared to other coins.

comparing bitcoin to other altcoins isn't really a worthy comparison as altcoins will dry out at some point. their value will be -95% to -100% over time.

"Their value will be -95% to -100% over time". However, the supply of new scam coins will always be there.

they would be useless, now one will care about the new coins, it's already the case as we talk right now

just look at the alt section, there is no competitor among them for bitcoin, the only one could be monero, nothing else

from this point of view bitcoin future is without obstacles...

CasioK

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Quote from: Hellacopter on October 27, 2015, 09:18:07 AM

Quote from: MinerHQ on October 27, 2015, 04:15:48 AM

Not sure about future bitcoin price but I think it will stay for quite long time compared to other alt coins because its user base is large compared to other coins.

I think the coming halving in the next summer will increase the bitcoin's price , and we can notice in this few previous days that bitcoin's price increased a while. So i think in the near future bitcoin will get good and stable price

Yes halving will push bitcoin price towards new high. from that some even say Bitcoin will change the world as a currency but it will not be a payment network. It was said that it will serve as a revolutionized cross-border transactions, but cannot be money. So, let's wait.

EastKing

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Quote from: randy8777 on October 27, 2015, 09:15:45 AM

Quote from: MinerHQ on October 27, 2015, 04:15:48 AM

Not sure about future bitcoin price but I think it will stay for quite long time compared to other alt coins because its user base is large compared to other coins.

comparing bitcoin to other altcoins isn't really a worthy comparison as altcoins will dry out at some point. their value will be -95% to -100% over time.

"Their value will be -95% to -100% over time". However, the supply of new scam coins will always be there.

Hellacopter

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Quote from: MinerHQ on October 27, 2015, 04:15:48 AM

Not sure about future bitcoin price but I think it will stay for quite long time compared to other alt coins because its user base is large compared to other coins.

I think the coming halving in the next summer will increase the bitcoin's price , and we can notice in this few previous days that bitcoin's price increased a while. So i think in the near future bitcoin will get good and stable price

randy8777

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Quote from: MinerHQ on October 27, 2015, 04:15:48 AM

Not sure about future bitcoin price but I think it will stay for quite long time compared to other alt coins because its user base is large compared to other coins.

comparing bitcoin to other altcoins isn't really a worthy comparison as altcoins will dry out at some point. their value will be -95% to -100% over time.

xuyanping

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MinerHQ

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Not sure about future bitcoin price but I think it will stay for quite long time compared to other alt coins because its user base is large compared to other coins.

Topic: The future of bitcoin - page 11. (Read 14675 times)